Rockgodz Hall of Fame 2023 InductionThe ROCKGODZ Hall of Fame has announced that the 2023 awards show will be held on July 21, 2023 in Nashville, Tennessee at the legendary Bowie's Rock 'n' Roll Club. This event will honor some of the most influential musicians and industry leaders in rock music history.

The original members of Vanilla Fudge, (Carmine Appice, Mark Stein, Vince Martell, Pete Bremy and in honorarium, Tim Bogert), Pat Travers (Pat Travers Band), Steve Popovich Sr., (Legendary record promoter for CBS records under Clive Davis, President at Cleveland Internal Records and Polygram Records Nashville), Mike Curb, (Founder of Curb Records and Music Business Impresario and Philanthropist), Bob Bender, (Host and Producer on Business Side of Music, an established music industry veteran with years of major label and indie artist experience) and many more will be honored at the ceremony for their incredible contributions to rock music. This gathering will celebrate unsung heroes behind Rock and Roll’s most legendary musicians and most famous instrumentation on chart-topping albums. 

Rock and roll legends will honor their own during a celebration of music with passion and talent at its core, bringing recognition to individual musicians who built the legacy of rock music. All RockGodz Hall of Fame inductees are selected by inductee alumni, their peers, which continues to make the organization highly respected by the music community. This year’s Event will include an Award Show and Dinner followed by live musical performances from Vanilla Fudge, Pat Travers, Todd Sharp Band and RockGodz Hall of Fame All Star Band Jam. 

“Our mission is to acknowledge the contributions of a group of stunningly gifted musicians and professionals who flew under the radar while delivering to the world music that has orchestrated the soundtrack of many lives,” said Cindy Landeen, RockGodz Hall of Fame Founder.  We believe that these virtuosos, maestros, and those working in the trenches behind the scenes need not wait any longer to be recognized and acknowledged for their part in rock and roll history.  In the day they may have been relatively unknown to the music world and fans at large but RockGodz Hall of Fame has purposely taken on the challenge and goal of celebrating their achievements.”  

Additional 2023 Inductees include: Sandy Gennaro (American rock drummer, author, musician, public speaker, and mentor who recorded and toured with many musical artists including Blackjack, The Monkees, Pat Travers, Cyndi Lauper and Joan Jett.), Todd Sharp (Lead guitarist that has toured with may including Hall & Oates, Christine McVie, Mick Fleetwood to Rod Stewart and many more), , Tom Zutaut  (Founded the American record label The Enclave and former A&R executive for Geffen Records best known for signing Motley Crue and Guns N' Roses), and Don Adkins (Music Industry Photographer with over 4 decades of achievements including 25 record covers including the first Motley Crue record cover.)

RockGodz Hall of Fame is a 501(c)(3) non-profit corporation.  All events and initiatives are funded by ticket sales, sponsorships, volunteers, and donations.

Tickets are available for purchase Eventbrite: eventbrite.com/e/rockgodz-hall-of-fame-honors-vanilla-fudge-pat-travers-and-more-tickets-627683557417

T. Rowe Price has marked down its stake in Canva by 67.6%Last summer, Blackbird, one of Australia’s largest venture operations, marked down the value of one of its most prized stakes, in the Sydney-based design platform Canva. Valued at $40 billion by investors in a $200 million round in the fall of 2021, Blackbird adjusted its own valuation of the company 36% to $25.6 billion.
Now, T. Rowe Price — the mutual fund goliath that began investing aggressively into late-stage startups nearly a decade ago, continued to fund them throughout the pandemic, and which led that $40 billion round in 2021 — has marked down the value of its stake in Canva even more dramatically, adjusting it downward by a whopping 67.6%. (T. Rowe’s Blue Chip Growth Fund, which owns several classes of Canva shares but predominantly Series A shares, has to date invested $99.1 million in Canva and states in its most recent prospectus, dated March 31, that it now values those shares on a cost-adjusted basis at $32.1 million.)
Asked for comment earlier today, a spokesman for Canva responded that, “Overall, despite the broader market conditions, our metrics continue to rapidly move in the right direction. We just crossed 135 million monthly users, $1.5 billion in annualized revenue and had our sixth year of profitability.”
T. Rowe’s “changes in valuation are a result of [Canva] being marked to market when compared to our publicly listed peers,” the spokesman said.
T. Rowe’s investment in Canva represents a minuscule amount of money for the sprawling investment firm. Its Blue Chip Growth Fund had roughly $53 billion in assets under management at the end of the first quarter of this year, down from $63 billion a year ago, in June 2022.
Still, it’s notable that one of the savviest asset managers in the U.S. thinks a company that was for a time the fifth most valuable startup on the planet is currently worth far less — essentially $13 billion and not $40 billion.
Asked if Canva has adjusted its own, independent 409A valuation to match up with T.Rowe’s assessment — T. Rowe’s markdown is really just its opinion, after all — Canva’s spokesman said its assessment does not match that of T. Rowe but declined to comment further.
Naturally, Canva is far from alone in being emphatically marked down by its backers after soaring to new valuation heights in 2021. Klarna, the Stockholm-based buy-now-pay-later provider saw an even steeper markdown a year ago, dropping 85% from the $45.6 billion valuation that it was assigned in 2021 to $6.5 billion.
Klarna, which proactively accepted its reduced valuation, has since tightened its lending standards and slashed costs, including through repeated layoffs, and says it is now “firmly on track” to reach monthly profitability in the second half of the year.
Like so many other outfits right now, both companies are actively being transformed by — and looking to take advantage of — generative artificial intelligence.
In a press release late last week, Klarna credited some of its current momentum to OpenAI, saying an integration with its large language model is “accelerating Klarna’s evolution into a digital financial assistant.”
In an effort to maintain its own leading position in the world of graphic design collaboration, Canva has also integrated generative AI across its product suite, telling Fast Company in March that much of what is now infused throughout has been built in-house through long-term investment and acquisition.
Though Canva also relies partly on major large language models —  it uses them piecemeal, says its spokesman — co-founder and CEO Melanie Perkins told FC that it has intentionally relied less on the work of others so that it can promise users that “anything you create in Canva is yours.”
As for AI’s impact on Canva’s valuation going forward, that remains to be seen. While public shareholders will eventually decide what they think the company is worth, an offering isn’t forthcoming, not yet anyway.
Asked about a possible IPO, Canva’s spokesman said today that there are no plans on the horizon. Meanwhile in March, Canva co-founder and COO Cliff Obrecht (who is married to Perkins), suggested to Barron’s that it’s now very much top of mind for the now 11-year-old company.
“It’s not the right market to go out right now. But obviously, it becomes an inevitability at our size,” he told the outlet. “It’s on the horizon, but not on the imminent horizon.”
T. Rowe Price has marked down its stake in Canva by 67.6% by Connie Loizos originally published on TechCrunch

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From Queen’s $1bn catalog to HYBE raising $380m for acquisitions in the US… it’s MBW’s Weekly Round-UpThe biggest music biz headlines from the past week, all in one place
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